Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

BNB starts the new year with lowering the main interest rate

Photo: Ani Petrova

The Bulgarian National Bank (BNB) lowers the main interest rate to 3.79% in January 1, 2024, BTA has reported. This is the first cut in the key rate since October 2022, albeit by just 0.01% from December's level. In November, the main interest rate was 3.79%, and in October - 3.64%.

The BNB does not allocate funds for the production of euro banknotes in its 2024 budget and plans to initially borrow notes if Bulgaria enters the currency union from January 1, 2025. This is recorded in a document for the central bank's budget. Bulgaria expects to receive an invitation to join the eurozone next summer, with the indicative date being January 1, 2025, as for a month the lev and the euro will be used for payment in parallel.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Defense Minister Atanas Zapryanov

Atanas Zapryanov describes as fake news the reports about terrorist threats against BiH from Bulgarian territory

Bulgaria’s Minister of Defence Atanas Zapryanov described as fake news the reports about terrorist threats against Bosnia and Herzegovina (BiH) from Bulgarian territory. ''Bulgaria contributes to the peace and security of Bosnia and Herzegovina by..

published on 10/3/24 9:21 AM

Bulgaria Air cancels flights to and from Israel until October 15

Due to the official recommendation of the European Commission and the European Union Aviation Safety Agency (EASA), Bulgaria Air has canceled all flights to and from Israel until October 15, the national carrier announced on its website. The measure..

published on 10/3/24 8:55 AM

Bulgaria expects to enter the Schengen area by land soon

There has been no change in the security environment since Bulgaria's accession to the Schengen area on March 31, caretaker Minister of Interior Atanas Ilkov said during a working meeting with the ambassadors of the EU member states, organized by..

published on 10/3/24 8:46 AM